December 17, 2024

End-of-Year Marketing Report: Key Metrics to Set Up for Success in 2025

End-of-Year Marketing Report: Key Metrics to Set Up for Success in 2025

This guide will walk you through the most critical metrics to evaluate, many of which stem from understanding multi-channel marketing performance.

Written by

Joey DiGangi

COO & Co-Founder

2025 is just around the corner, and now is the perfect time to review your marketing efforts. A thorough year-end marketing analysis can uncover what worked, what didn’t, and how to refine your strategies. 

This guide will walk you through the most critical metrics to evaluate, many of which stem from understanding multi-channel marketing performance.

Key Areas to Hit on in Your End-of-Year Marketing Report

Performance Across Multiple Marketing Channels

Multi-channel marketing allows brands to connect with consumers through various touch points—whether it’s paid ads, email campaigns, organic search, social media, or offline methods like direct mail. 

Understanding how each channel contributes to your overall marketing goals is critical. 

Key metrics to evaluate include:

  • Engagement Rates: Engagement metrics, such as click-through rates (CTR), open rates, and social media interactions, are essential for assessing how well your content resonates with your audience. Review these metrics to identify trends and preferences, allowing you to create more targeted and engaging content in the new year.
  • Conversion Rates: Analyze which channels drive the highest number of leads or sales. Conversions can be defined by different events including clicks, purchases, registrations, etc. 

Multi-Channel Attribution Models

While multi-channel marketing increases your reach and maximizes brand exposure, it also presents unique challenges, particularly when it comes to attribution. 

Attribution refers to the process of identifying which marketing channel (or combination of channels) is responsible for a conversion or sale. In a perfect world, we’d know the exact touchpoint that led a prospect to become a customer, allowing us to optimize our marketing efforts accordingly. However, real-world marketing doesn't operate in isolation.

Multi-channel attribution models take into account all the touchpoints in the customer journey, but this requires tracking every interaction a prospect has with your brand—a tall order when considering the sheer number of possible touchpoints.

Here are a few popular multi-channel attribution models:

  • Linear Attribution: This model evenly distributes credit across all touchpoints, giving each channel equal importance in the conversion. 
  • Time Decay Attribution:  This model gives more credit to the touchpoints that occur closer to the time of conversion. For example, if a customer clicked on an ad a week before purchasing but visited your site through organic search an hour before buying, the search would receive more credit.
  • Position-Based (U-Shaped) Attribution: This model gives 40% of the credit to the first and last touchpoints and divides the remaining 20% among all the other interactions. Assign greater weight to the first and last interactions while distributing the rest among other touchpoints.

Customer Journey Insights

The modern customer journey spans multiple touch points. A prospect might first hear about your brand via a social media post, read an email from your brand later, and finally make a purchase after Googling you. Which channel gets credit for that sale?

This makes it essential to analyze how these interactions lead to conversions. 

Metrics to consider include:

  • Multi-Touch Conversion Paths: Review the sequence of interactions that result in conversions, identifying common patterns.
  • Time-to-Conversion: Measure how long it takes prospects to move through your funnel from initial awareness to final purchase.
  • Channel Synergies: Identify combinations of channels (e.g., email and paid ads) that consistently yield stronger results than standalone efforts.

Analyzing these metrics enables you to optimize your funnel and create a more seamless customer experience.

Cost Efficiency

Budget allocation is a cornerstone of marketing success. Assessing cost efficiency ensures that resources are being utilized effectively. Key metrics include:

  • Cost per Acquisition (CPA): Measure how much it costs to convert a lead into a customer for each campaign.
  • Net CPA for Combined Channels: Evaluate the cost-effectiveness of multi-channel efforts by dividing total spend by total conversions. For example, if $10,000 was spent on direct mail and $5,000 on paid ads, generating 100 conversions, the CPA would be $150 per lead.

Tracking these metrics helps pinpoint opportunities for better budget distribution.

The Role of Data in Attribution

Data is crucial for understanding multi-channel marketing performance, but gathering and interpreting that data can be challenging. Marketers must rely on several tools to track the impact of various channels:

  • Google Analytics for tracking web traffic and conversions.
  • Wix or Shopify dashboards for identifying new vs. returning customers.
  • Marketing automation platforms for analyzing email engagement metrics.
  • Attribution platforms like HubSpot, Ruler Analytics, or Salesforce to consolidate cross-channel data.

However, even with these tools, certain elements of the customer journey will remain unknown. For instance, someone might hear about your brand through a podcast, see an ad on social media, and finally convert through an organic search. If the podcast mention isn’t tracked, the first touchpoint is lost in your analysis, and the complexity of attribution increases.

Planning for 2025

The insights gained from your year-end review should inform your plans for the year ahead. Prioritize strategies that showcase strong channel synergies, reallocating resources to efforts that deliver measurable results. Address underperforming areas by revisiting campaigns and adjusting messaging or targeting as needed. Additionally, investing in advanced data tracking tools will enhance your ability to monitor customer journeys and refine attribution models.

As you look ahead to 2025, focus on creating a marketing strategy that leverages the strengths of your multi-channel efforts. By combining data-driven insights with a commitment to continuous improvement, you can position your business for sustained success in the coming year.